There is an old saying that “Time is Money.” In one sense this could be true. Let’s take a closer look at the relationship between time and money.

Just imagine, if you can, selling all your assets: your house; your car; furniture; everything you have accumulated over many years. You clean out your bank accounts, your building society saving accounts, withdrawing all the money as cash. You hunt round the house to find every last penny you can scrape together.

You create a pile of all that cold hard cash, stuff it into a suitcase and fly out to Las Vegas. Entering the first casino you come to, you place every last penny on one bet, one roll of the roulette wheel. And you lose!

After a few moments, you rise from your seat at the roulette table and walk out of the casino. You have no money, none. But from that point forward you make a decision to earn back all the money you lost and so much more! And you can do this. You can do it because that is the nature of money. Spend it all and you can go out and earn it back. It may take you weeks, months, or even years, but you can get it back.

Now, is the same thing true of time? You have probably invested 30 seconds so far in reading this text. Is there any way you can get that time back? No. There is no way. Once you spend time, it stays spent forever. Why is this important? Well, because if you think this way, then time becomes your most precious resource. It is much more precious than money. You have available only 352 working hours per month after sleep and weekends. When you realize those hours are unrecoverable, you may think twice about what you’re doing with them.

This brings us back to the relationship between time and money. It is straightforward. Time does not = money, but how you invest your time will play a significant part in determining how much money you can have. Spend your time carefully and wisely. Plan how you can best invest your time and the reward of money will follow!

Have a great week,